[Morning Report] NVIDIA's breakthrough and pessimism lurking in the Tokyo market TSMC's total market value to 1 trillion dollars Toyota general shareholders' meeting

Market Overview
Is the Tokyo stock market on the 20th testing lower prices centered on major stocks even in a wait-and-see mood? The Nikkei Stock Average fell for the first time in 3 days, and it seems that they will be in a position to sell in the middle to the first half of the 38,000 yen range. Since the day before, the US stock market was closed for the Juneteenth (Emancipation Day) holiday, there is a shortage of clues, but the stock price indices of major European countries with political unease and uncertainty about the economic outlook have generally remained soft, and it is easy for the Tokyo market to be perceived as a headwind.

Top news
[European Market Conditions] French government bonds fall ahead of bidding, stocks are cheap - US is closed
French bonds underperformed in the European bond market on the 19th. It reacted to the fact that the European Commission, the administrative executive body of the European Union (EU), has begun “excessive deficit procedures” to ask 7 countries within the region, such as France and Italy, to correct violations of fiscal discipline.

The dollar to yen in the morning is around 158 yen 00 yen, the US market is closed = Tokyo exchange
The dollar yen was around 158 yen 00 yen, and it slowly rose while the US market was closed for Juneteenth.

Towards the stock market on the 20th = NVIDIA breakthrough and pessimism lurking in the Tokyo market
The breakthrough of major high-tech stocks is conspicuous in the US stock market. Needless to say, the first one $NVIDIA(NVDA.US)$So, the rapid advance in the highest value range continues. There is an unnaturally large gap between the recent stock price trends of major semiconductor manufacturing equipment companies in the Tokyo market and the US semiconductor sector, starting with NVIDIA.
Related articles:NVIDIA is number 1 in the world for the first time! What should I look out for next? More purchases by the world's largest ETFs and adoption of the Dow Jones Average?!
[Looking back on the first half of 2024] US high-tech stocks continued to perform well, and NVIDIA's total market capitalization exceeded 3 trillion dollars

The approval rate for the election of Toyota Toyota Chairman's board of directors was 71.93%, drastically reduced due to fraud, etc.
$Toyota Motor(7203.JP)$On the 19th, it was revealed that the approval rate for Chairman Toyoda Akio's appointment as a director, which was resolved at the Ordinary General Meeting of Shareholders held the day before, was 71.93%. While certification fraud was discovered one after another by the Toyota Group, it was significantly lower than last year's 84.57%.
Related articles:Overseas players are going against Toyota! Check the impact on earnings and stock price levels that plummeted by 20% due to certification fraud
A “not to buy” brand!? 10 checkpoints for management companies to hurt management at general shareholders' meetings

The number of foreign visitors to Japan in May was 3,040,100, surpassing 3 million for 3 consecutive months
The number of foreign visitors to Japan (estimate) for May announced by the Japan National Tourism Organization after the transaction ended on the 19th was 3,040,100. It was a 60.1% increase compared to the same month last year, and a 9.6% increase compared to the same month in 2019 before the spread of the novel coronavirus infection. It surpassed 3 million people for the third month in a row.
Related articles:Department store stocks such as Isetan Mitsukoshi are cheap, and foreign visitors to Japan are wary of a pause in consumption growth

TSMC market capitalization approaching 1 trillion dollars, successive increases in target stock prices on Wall Street
Major semiconductor contract manufacturing company, $Taiwan Semiconductor(TSM.US)$As the total market value of is approaching the 1 trillion dollar (about 158 trillion yen) mark, the bullish view on the company has further strengthened.